Nine months before critical midterms where Democrats are defending a record number of Senate seats, the national party is falling deeper into debt.
The Democratic National Committee (DNC) took out a $1.7 million loan in February, pushing their total debt to more than $6 million, according to recent Federal Election Commission filings.
Meanwhile, the party’s fundraising efforts yielded around half the total amount as the Republican National Committee (RNC). The DNC brought in $6.9 million in February, while the RNC raised $12.8 million.
The national Democratic arm has just over $10 million cash on hand, The Republican’s will likely need the vast amounts of cash heading into the midterms, which are historically unfavorable to a new president’s party.
The Dems will be funded, don’t worry. Now, big money people like Soros will put their money behind those who’ll be loyal to them, pretty much just like HRC took over the party by funding the DNC on her terms.
This is good news, in a way. Instead of a DNC that doles out money to the best candidates, now the Dem party on whole will be shifted towards the America-hating radicalism that Soros, Obama, and company want to promote.